EOSUSD: Buying Opportunity from the Bottom

Sometimes, in order to understand what to do, we don't need indicators or many lines and levels. Look at the weekly chart of EOS, please. What can you see? The price range between the ATH and the support zone between 1.50USD and 0.50USD. Where it the price? It is not far from the bottom. The price bounced from it, and we got a buying opportunity. The price can move back to 1.50USD one more time or continue the upside movement. It does not matter. If we look at the whole picture, even 2.63USD price for EOS looks interesting for investing. I'm talking about the long term trading with targets at 5USD and 8USD.

The breakout above the local downtrend line will make the market bullish.
Do you have EOS in your portfolio? What do you think about this market?
Share your ideas in comments!



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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.